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Venture Global (NYSE:VG) Insider Thomas Earl Sells 500,000 Shares

Venture Global logo with Energy background

Key Points

  • Insider Thomas Earl sold 500,000 shares of Venture Global stock for $6,845,000, following additional significant sales earlier that week.
  • Venture Global has announced a new dividend of $0.017 per share, representing a yield of 50.0%, set to be paid on September 30th.
  • Analysts have upgraded the stock rating with a consensus target price of $17.00, reflecting growing confidence in Venture Global's performance.
  • MarketBeat previews top five stocks to own in October.

Venture Global, Inc. (NYSE:VG - Get Free Report) insider Thomas Earl sold 500,000 shares of Venture Global stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $13.69, for a total value of $6,845,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Thomas Earl also recently made the following trade(s):

  • On Thursday, September 11th, Thomas Earl sold 840,076 shares of Venture Global stock. The shares were sold at an average price of $13.74, for a total value of $11,542,644.24.
  • On Friday, September 12th, Thomas Earl sold 159,924 shares of Venture Global stock. The shares were sold at an average price of $13.59, for a total value of $2,173,367.16.

Venture Global Stock Down 4.3%

Shares of VG stock traded down $0.60 on Friday, hitting $13.24. The stock had a trading volume of 49,645,038 shares, compared to its average volume of 6,362,893. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39. The business has a 50 day moving average price of $13.93 and a 200 day moving average price of $12.51. Venture Global, Inc. has a one year low of $6.75 and a one year high of $25.50.

Venture Global Increases Dividend

The business also recently announced a half year 25 dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a $0.017 dividend. This represents a yield of 50.0%. This is a boost from Venture Global's previous half year 25 dividend of $0.02. The ex-dividend date is Friday, September 19th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VG. Northwestern Mutual Wealth Management Co. acquired a new position in Venture Global in the second quarter valued at approximately $26,000. AdvisorNet Financial Inc acquired a new position in Venture Global in the second quarter valued at approximately $28,000. Center for Financial Planning Inc. acquired a new position in Venture Global in the first quarter valued at approximately $37,000. Delos Wealth Advisors LLC acquired a new position in Venture Global in the second quarter valued at approximately $45,000. Finally, Future Financial Wealth Managment LLC acquired a new position in Venture Global in the second quarter valued at approximately $47,000.

Analysts Set New Price Targets

Several research firms have issued reports on VG. Wells Fargo & Company lifted their target price on Venture Global from $12.00 to $14.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Wall Street Zen upgraded Venture Global from a "sell" rating to a "hold" rating in a research note on Saturday, June 28th. Tudor Pickering upgraded Venture Global to a "hold" rating in a research note on Tuesday, September 2nd. Scotiabank lifted their target price on Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded Venture Global from a "hold" rating to a "buy" rating and set a $17.00 target price on the stock in a research note on Thursday, August 28th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Get Our Latest Analysis on Venture Global

About Venture Global

(Get Free Report)

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.

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